Nine years ago, we launched our Green Financing journey with a simple idea that together we could improve the quality and extend the useful life of multifamily properties by making more green property improvements. More than $50 billion in Green Bond issuances later, we are proud to share the results of our work with you in our first Fannie Mae Multifamily Green Bond Impact Report.
Every Green Mortgage Loan you deliver to Fannie Mae makes a difference and what may seem like a small change to a property's energy and water equipment can add up quickly to make a significant impact.
We are proud to share these results with you. There is no other platform globally that delivers this kind of impact to borrowers, property owners, and tenants and we appreciate your partnership in this global movement to transform rental housing to be greener and healthier.
For two years, 2017 and 2018, Fannie Mae has been the largest issuer of Green Bonds in the world. Additionally, we were recently recognized by the Climate Bonds Initiative this year for the strong governance of our Green Bond Framework.
As the green financing market for multifamily continues to mature and attract other market participants, rest assured that we will continue to find ways to innovate and lead the market with initiatives like our new Fannie Mae Green Measurement and Verification Service, which provides a no-cost solution for borrowers to meet their annual reporting requirements and gain insights into their property's energy and water performance. For more information, please contact your deal team.
In 2019, we will continue to make a positive impact on the renters who live in the properties we finance and in the environment that we all call home. Thank you for your past partnership. We look forward to working with you on your next Green Mortgage loan.